Tuesday, September 3, 2013

Cash Loans - Bad Money Habits That Can Impact Your Kids

Cash Loans-Bad Money Habits That Impact Your Kids

Children watch their parent’s financial behaviors more than most parents might think. Our children will copy our financial traits and money-management patterns whether we like it or not. If you want to give your kids a good example of how they should handle their finances, you can start by not doing cash loans - top three bad money habits:

Cash Loans Presents the Top 3 Bad Money Habits That Your Kids Can Pick Up On:

1). Maxing out credit cards. Overspending gives your kids the wrong message. By maxing out your cards, you’re showing your kids that you can get whatever if you want, even if you can’t afford it. Credit cards are for building credit and paying for emergencies. If you need financial assistance for an emergency, one of our cash loans is a great alternative to a credit card. Seeking help when you need it is one thing—purchasing a new flat screen TV on credit is something else entirely.

2). Ignoring bills and expenses. Letting a utility bill go months without being paid sets a terrible example for your kids. It shows them that deadlines aren't important. Ignoring financial deadlines can have serious consequences.

3). Receiving store credit cards. When the holidays roll around, it seems like every single store has a deal on an in-store credit card. Don’t oblige. Too many credit card applications and in-store credit cards can seriously damage your credit. You want to encourage them to save—not that they can give in and buy what they want, whenever they want.

Cash Loans can Help you Save Money

When you can, you want to instill good money habits into your kids. However, when you are in a financial bind, we can help. Our cash loans can give you the cash you need to pay off bills and expenses. Be a good example to your kids. Stay away from credit cards and choose cash loans instead.